Thread 60849372

I have invested 150% of my money into two assets:

>Brookfield Asset Management

Mark Carney's Alternative Asset Management Firm that engages in Private Equity and Public Private Partnerships

>Canadian index Funds

Canada just elected one of the most educated people in the world to run their country. This man is an economic genius and has a plan to skyrocket GDP by 4% yoy for the medium term. He will borrow GAZILLIONS from European banks and Canadian capital markets and INVEST in direct industrial policy to build new houses. He will cause an artifically housing slump so Canadian workers can still be productively hired on lower wages but still live a good life. Overall economic productivity in Canada will skyrocket. Not to mention his plan to break down interprovincial trade barriers and unlock Canada's economic potential.

>>60849372 (OP)
>debtmaxxing
sounds gay as fuck
kill all debt pigs

>>60849378
The play is to import more debt slaves for canada. Land of the leaf, infinity immigrants, infinity debt spiraling!

>>60849386
>>60849378
>He doesn't want to rule the world.

If you're scared to be a King just say so, but don't take your anger out on those of us who are privileged enough or courageous enough to become Kings of the World.

>>60849398
only one man can be king
when you play the game of thrones you win or you die, there is no middle ground.

>>60849405
There's always multiple kings at any given time.

Today, he who is in debt is king of the world. The whole system is a pyramid and we're at the top.

naw bro were cooked

>>60849408
i hope the guy who replacing Jerome is a gigachad and raises the interest rates to 20pc
that won't happen because cheeto clown is in charge, but it would be just. it doesn't matter because the economy will collapse from all the debt and then your kind will be cannibalized by the hungry masses.
debmaxxing is just a game of musical chairs and eventually you will find yourself with nowhere to sit.

>>60849417
Carney is going to turn Canada into the new Singapore.

>>60849419
Trump will make sure interest rates stay low. Trump is a Chad, time to FIRE POWELL and lower those fucking interest rates.

>>60849428
the homeless will roast your meat, melt your debt-financed fat for candles and turn your bones in soup. this will stimulate the melting-fat-debt-piggies-into-candles economy.

>>60849420
is that a good thing? i dont want that

>Canada's economic potential
Canada will only ever live up to their economic potentional once they fully join the United States and stop pretending their a different people

>>60849443
I meant it will be rich and economically prosperous.

>>60849372 (OP)
Holy shit lmao
How much is carney paying you?
Literally none of this is true and he plans to deindustrialize the country.
His policy is that native tribes can block ANY project at ANY time.
He's worse than trudeau.
He's also corrupt and literally retarded.

>>60849420
For that to happen you need free market policies and carney is basically a social Democrat.

>>60849437
Why? I'm just trying to make some cash here.

>>60849448
We can be better than the U.S.

As much as I like their system compared to ours, they have many flaws.

>Social Security
>Federal Minimum Wage
>A bunch of Federal Labor laws
>Medicaid
>Medicare
>Dept of Education
>Dept of agriculture

Canada can become even more American than America by following the Milei model.

>>60849372 (OP)
>interprovincial trade barriers
This one is also hilarious because he wants no such thing and constantly gives concessions to Quebec who loves these barriers

Pierre Poilierve would have done the things you think will happen. Unfortunately Canada didn't elect him.

>>60849458
>His policy is that native tribes can block ANY project at ANY time.

He is approving pipelines right now

>He's also corrupt and literally retarded.

His IQ might be the highest of any world leader in the past 50 years LMAO how much is Pierre paying you? Is Pierre Incelivre spreading this?

>>60849463
Carney is basically a traditional Keynesian. He supports free market economics and low regulations in most instances but he believes in crisis or times of deflationary spiral you need a monetary and fiscal stimulus, or when previous policy was so bad that it forces a needed overcorrection.

For example, during a wartime you might need to use wage and price controls as a temporary measure.

>>60849469
I don't think you understand just how integrated Canada's industrial logistical networks are with the US, Canada already functions as an economic extension of the US like what Austria is to Germany or what Scotland is to England.

Canadian provinces trade more with their US neighbors than they do with other canadian provinces, this doesn't happen anywhere on earth, only between domestic regions

And Carney is nowhere near Milei ideologically

>>60849475
Bill C-5 is literally about breaking down those barriers and all the provinces are working with the Feds to make that happen.

Pierre didn't mention these interprovincial barriers until Carney brought it up.

>>60849469
>Canada can become even more American than America by following the Milei model.
Bro lmao
Carney is basically the opposite of milei
Are you on drugs?
>>60849477
>He is approving pipelines right now
Nope and if you look into the new bill, it literally states tribes can block any project.
And they frequently do this.
>His IQ might be the highest of any world leader in the past 50 years
He has downs syndrome and destroyed the Canadian economy while he controlled the central bank.
He supports carbon taxes. How is an economy supposed to function when you heavily tax energy?
Inb4 "he got rid of it"
He changed how it works but it's still effectively there and going to get worse.
>how much is Pierre paying you?
Nothing, I just see, like many Canadians, how his policies would have saved our economy from being flushed down the toilet.
>>60849483
>Carney is basically a traditional Keynesian
So he supports stagflation, poverty and low levels of economic growth?
Remember when the Keynesians caused the stagflation in the 1970s?

>For example, during a wartime you might need to use wage and price controls as a temporary measure.
LMAO
>He supports failed socialist policies but only in a crisis

>>60849487
>I don't think you understand just how integrated Canada's industrial logistical networks are with the US, Canada already functions as an economic extension of the US like what Austria is to Germany or what Scotland is to England.

I agree, but a free trade agreement with total bilateral free trade would solve any inefficiencies caused by administrative differences, without us needing to become American.

>anadian provinces trade more with their US neighbors than they do with other canadian provinces, this doesn't happen anywhere on earth, only between domestic regions

Exactly, full bilaterial free trade.

I love America but as I said, there are many things about America I would not want to be inflicted on Canada

>inability to succeed
>social security
>federal labor laws
>federal minimum wage laws
>a gazillion federal departments we have no control over
>federal drug laws
>anti-euthanasia
>anti-prostitution

I would agree to it if they could agree to not force us to pay into social security, adhere to minimum wage bullshit, and they don't try to ban drugs and prostitution.

>>60849496
>Bill C-5 is literally about breaking down those barriers
Yes that's what the propaganda says but not what the actual bill says
>Pierre didn't mention these interprovincial barriers
He's been making youtube videos about it for years when he was fighting trudeau.
He knows more about it that carney does.
Why are you people compulsive liars?
Everyone sees through your bullshit.
What happens when carney radically increases the national debt with barely any economic growth to speak of(literally just like trudeau fucking did)?

OP is a refugee from /r/neoliberal

>>60849514
>I agree, but a free trade agreement with total bilateral free trade would solve any inefficiencies caused by administrative differences, without us needing to become American.
It wouldn't solve two major ineficiencies
1. Labor flows (which are just as important as capital and goods flows) and
2. currency risk
companies don't have to worry about fluctuating rates when trading domestically

>>60849372 (OP)
>worse trudeau

>>60849504
>Carney is basically the opposite of milei

They have different ways to respond to a crisis but they're basically the same otherwise.

>He has downs syndrome and destroyed the Canadian economy while he controlled the central bank.

He is an Oxford and Harvard academic and has a PHD in economics.

>He supports carbon taxes. How is an economy supposed to function when you heavily tax energy?

Economists have already written about this. To the extent that carbon is used, it provides funding to the federal government that can be used to reduce the deficit, reducing crowding out and encouraging investments.

>Remember when the Keynesians caused the stagflation in the 1970s?

Those were neo-keynesians. Keynes condemned them in the 50s.

>>60849531
>1. Labor flows (which are just as important as capital and goods flows) and
>2. currency risk

Good points, but one mitigating factor is that in 2010, really before 2015 it was actually very easy for Canadians and Americans to move between countries. We were slowly integrating our economy. Our currencies were also very similar and central banks made an effort to keep them elevated.

But you're right, I would also if possible like agreements that make bilaterial flow of labor and capital easier, I'd even be fine with Canadians adopting the American dollar.

>>60849456
you mean turn the country brown so rich people can get richer?

>>60849524
>He's been making youtube videos about it for years when he was fighting trudeau.

I watched all his videos because I actually campaigned for some Conservative MPs in the early 2020s and I don't remember him mentioning them. He mentioned a lot about housing regulation, zoning law, environmental regulation, and money-printing deficits, but not that.

>What happens when carney radically increases the national debt with barely any economic growth to speak

The debt will rise but GDP will rise faster. The debt/GDP ratio will shrink. I literally bet my entire portfolio on this.

>>60849568
Glad we're in agreement

>>60849580
Are we though? Because at the end of the day I'm still a Canadian Nationalist and want Canada to remain politically sovereign.

>>60849561
>they're basically the same otherwise.
Milei cuts spending, regulations and taxes.
Carney increases those things.
Milei supports freedom of speech.
Carney supports censoring the internet.
>He is an Oxford and Harvard academic and has a PHD in economics.
Lol so?
So does paul Krugman and joe stiglitz.
The university system is so corrupted with corporate and statist influence that having an economics degree is basically worthless.
>it provides funding to the federal government
Okay so it takes funds out of the economy which could be used for economic growth and instead spends it on waste, corruption and failed centrally planned projects? Uhhh good job, I guess?
>that can be used to reduce the deficit
Why do we have such a massive deficit/debt in the first place? Wasteful spending. Carney wants more of that.
>encouraging investments.
The liberal party has done this for over a decade and investment has shrunk. Nobody wants to invest in Canada, it's like Venezuela at this point.
>Those were neo-keynesians.
Nah they were actually Keynesians. They did what Keynes wanted, endless spending to stimulate growth. It failed and we're entering another round of keynesian stagflation now.
Keynes was also literally a child rapist. I bet you didn't know that.

>>60849586
I doubt actual Canadian nationalists would be ok with surrendering their monetary sovereignty to the United States

>>60849574
>I watched all his videos because I actually campaigned for some Conservative MPs in the early 2020s and I don't remember him mentioning them.
Brainlet.
https://youtu.be/ev9tZT1nAjU
I remember him talking about this a lot before as well.
>The debt will rise but GDP will rise faster
Why didn't this happen over the past 10 years?
You want to repeat three same failed policies.
>I literally bet my entire portfolio on this
Haha okay.
I'm happy you're going to go broke

>>60849594
I don't view monetary soverignity as that important because at the end of the day, the only limiting factor that using another nation's currency does to your government is it prevents it from printing money. I don't think that arbitrary money printing is a good thing, I am a monetarist and want money to be printed at just the rate that causes inflation to hover around its target rate.

In this case, I actually think it's in the best interest of Canada to use the USD, because our government won't have the ability to fuck us over with runaway monetary expansion.

Same reason lots of nationalists want the gold standard back, they don't trust their own governments' monetary policy.

>>60849372 (OP)
>sar, chart is moon, please kindly invest

>>60849609
>I remember him talking about this a lot before as well

I didn't see that video brainlet. I guess I saw his others.

>Why didn't this happen over the past 10 years?

It literally did happen for most of Canada's history. Traditionally the only time debt rose faster than GDP was during wartime.

>You want to repeat three same failed policies.

I'm so glad you're suffeirng and not a happy person.

>>60849592
>Milei cuts spending, regulations and taxes.

Milei is cutting non-investment spending, regulations, and taxes. He's only temporarily boosting spending to build more housing units to solve the crisis and increase military spending because that is a legitimate core function of the federal government.

>So does paul Krugman and joe stiglitz.

Exactly, they have Nobel Prizes.

>The university system is so corrupted with corporate and statist influence that having an economics degree is basically worthless.

Good luck getting a job at JPM or GS without a degree from one of these schools in economics or finance.

>Okay so it takes funds out of the economy which could be used for economic growth and instead spends it on waste, corruption and failed centrally planned projects? Uhhh good job, I guess?

YEs because repaying our national debt, putting more capital in the hands of our lenders, so they have more capital to invest in the private sector... is totally bad for the CAnadian private sector.

>Why do we have such a massive deficit/debt in the first place? Wasteful spending. Carney wants more of that.

Carney is going to cut non-investment spending. All spending that Carney is increasing (besides military) is on things that will boost our GDP.

>The liberal party has done this for over a decade and investment has shrunk. Nobody wants to invest in Canada, it's like Venezuela at this point.

Carney isn't the Liberal Party.

>Nah they were actually Keynesians. They did what Keynes wanted, endless spending to stimulate growth

That is not at all what Keynes wanted and he was very explicit on this.

>Keynes was also literally a child rapist. I bet you didn't know that.

I knew he was gay.

>>60849624
>>60849592
*Carney is cutting non-investment spending, regulations, and taxes

>>60849592
Keynes was also a master stock trader who became rich in the 1920s
Meanwhile Hayek tried trading only once with his Nobel Prize money and lost it all
Which one would you listen to if you wanted to become rich?

>>60849616
>I didn't see that video
Okay now you did and realized your argument was wrong.
>It literally did happen for most of Canada's history.
Back when we had more free market policies and now the borderline socialist ones we have now.
Remember when the liberal party radically CUT SPENDING in the 90s leading to massive levels of growth?
They're the complete opposite now.
Canada is going the way of Argentina, pre-milei.
>I'm so glad you're suffeirng
I'm doing well, man. I've made a lot of money over the years. I just hate what you people have done to my country.
And here you are actually proud about it like the sociopath you are.

>>60849631
>Okay now you did and realized your argument was wrong.
Yes.

>Back when we had more free market policies and now the borderline socialist ones we have now.
Actually in the 50s Canada was quite socialist in many ways. We had fewer regulations, especially among the labour market, which is great, but we had lots of Federal Enterprises, which is by definition socialist. We had Federally owned railroads, federal banks, and by the 70s we had federal oil companies and shares in all sorts of companies.

>Remember when the liberal party radically CUT SPENDING in the 90s leading to massive levels of growth?

Yeah, it's one way to grow an economy, Carney is not going that route. The world is a big place and we have room for many different policies.

>I'm doing well, man. I've made a lot of money over the years. I just hate what you people have done to my country.

You literally destroyed this country and now you are glad im going broke.

>>60849624
>He's only temporarily boosting spending to build more housing units
The liberals(Carney) already tried this for years and almost nothing got built.
Trying to centrally plan housing doesn't fucking work. You need to remove a large amount of red tape for that to happen and carney isn't doing that.
>to solve the crisis
A large part of the crisis is endless money printing that has gone into the housing market, bidding up prices. Along with the endless immigration the liberals(carney) supported.
>Exactly, they have Nobel Prizes.
LMAO so they have a circle jerk trophy.
Krugman has been repeatedly wrong about everything pic related.
>Good luck getting
Not an argument.
>YEs because repaying our national debt
Which liberals(carney) caused with endless spending.
>putting more capital in the hands of our lenders
Taxing and spending doesn't do that. It just takes resources from the economy and redirects it to failed centrally planned projects like failed EV plants.
>Carney is going to cut non-investment spending.
No, he isn't. Liberals(carney) did the opposite for a decade. What makes you think they would do that now?
>boost our GDP.
That doesn't necessarily help canadians. When housing prices go up so does the GDP.
>Carney isn't the Liberal Party.
Yes he fucking is. He was there for a long time and was trudeau's economic advisor you brainlet.
>That is not at all what Keynes wanted
Source?
I've never seen a keynesian advocate cutting spending, even during the boom times. They literally never do this.
>I knew he was gay.
And he went to third world countries to fuck kids.

>>60849630
>Keynes was also a master stock trader who became rich in the 1920s
>Meanwhile Hayek tried trading only once with his Nobel Prize money and lost it all
>Which one would you listen to if you wanted to become rich?
lmao keynes lost all his money in the stock market crash.
The same crash that people like hayek and mises(austrians) predicted would happen.

>>60849651
>Yes.
Good boy.
>but we had lots of Federal Enterprises, which is by definition socialist.
They were a small part of the economy.
>federal banks
Most banks were private.
>and by the 70s we had federal oil companies
Which ended up being a massive disaster and destroyed the economy of Alberta.
>Yeah, it's one way to grow an economy,
It's basically the only way.
>Carney is not going that route
LOL I know. He's using the same methods trudeau and co did over the past 10 years.
How can you do the same exact fucking policies for 10 years, watch them fail and think they're going to work wonders this time?
Are you insane or just a compulsive liar and a shill?
>The world is a big place and we have room for many different policies.
Some work some don't.
>You literally destroyed this country
HAHAHA Who was in charge the past 10 years?
What the fuck is wrong with your brain?
Harper wasn't perfect but the economy was booming under him, housing was cheap etc. Canada was the least affected by the financial crisis.

>>60849675
>The liberals(Carney) already tried this for years and almost nothing got built.

Meckenzie King did this in the late 40s and 50s and it totally solved the issue that housing prices dropped and stayed low for decades. Boomers benefitted from Federally subsidized houses. The federal government slowly sold these houses off for a profit and repaid the debt incurred to build them.

>Trying to centrally plan housing doesn't fucking work. You need to remove a large amount of red tape for that to happen and carney isn't doing that.
It's actually because of red tape that you need the Feds. Pierre's solution relies on the provinces deregulating zoning law. Carney is having the Federal Government directly build housing units because under the Constitution, the Federal Government can bypass Provincial regulation to build Federal Buildings. They're going to label all these units as "Federal Buildings" to bypass all Provincial red tape.

>A large part of the crisis is endless money printing that has gone into the housing market, bidding up prices.
That's why Carney is ending that. The plans will be financed via bond issuance on the capital markets, not monetization.

>Krugman has been repeatedly wrong about everything pic related.
Not an argument

>Taxing and spending doesn't do that. It just takes resources from the economy and redirects it to failed centrally planned projects like failed EV plants.
Taxing people who are more likely to spend money, and using that money to pay down the Canadian debt (repurchase treasury bonds) absolutely does put cash in the hands of treasury investors, who now have to find another investment for their capital.

>No, he isn't. Liberals(carney) did the opposite for a decade. What makes you think they would do that now?
Because they literally are right now you can look at their 2026 budget.

>Yes he fucking is. He was there for a long time and was trudeau's economic advisor you brainlet.
Back when the landscape was different brainlet.

>>60849651
>You literally destroyed this country
Also.
You literally just admitted the liberal party of the 90s policies(which you are against and I support) boosted the economy. Then you say the policies I support destroyed the economy while supporting the same policies that have been in place for the past 10 years.
The Canadian standard of living has dropped quite a bit over the past 10 years.
Enjoy your cognitive dissonance.
You people are in a cult.

>>60849675
>'ve never seen a keynesian advocate cutting spending, even during the boom times. They literally never do this.

Keynes himself literally said the entire point was to run surpluses during boom times to repay the debt. He attacked Labour politicians in the post-war era for not cutting spending enough.

>And he went to third world countries to fuck kids.

Proof?

>>60849704
>Meckenzie King
The amount of state built houses were tiny compared to the private ones. It wasn't even necessary.
>It's actually because of red tape that you need the Feds.
The state implemented the red tape.
>Pierre's solution relies on the provinces deregulating zoning law.
He's essentially wanting to force them to do this.
>Carney is having the Federal Government directly build housing
This has failed every time it was tried.
Why not unleash the private sector which is the most efficient in building housing and builds far more housing?
Red tape is choking the housing market.
>That's why Carney is ending that.
HAHAHA What the fuck?
He's lowering interest rates. This obviously includes mortgages. This is my point exactly.
>not monetization.
lol
>Not an argument
It absolutely is. If your so called "experts" who got fancy degrees are repeatedly wrong then what use is the degree? It's toilet paper.
You can't say carney is smart because he has a degree. Some people have PHds in woman's studies lol
>Taxing people who are more likely to spend money, and using that money to pay down the Canadian debt
Again, paying down the debt is good. I support that. But why do we even HAVE to burden the economy with taxation to pay down the debt in the first place? It's because of this endless borrowing and spending which you openly support.
How fucking dumb are you?
>does put cash in the hands of treasury investors, who now have to find another investment for their capital.
Yes, but the fact you had to tax the population to do this causes economic harm. Ideally we would have no national debt, meaning no burden.
>Because they literally are right now
No, they aren't.
>2026 budget.
Massive spending? Same as all of trudeau's budgets?
It's literally the same.
Also the new bill makes it so native tribes can block any project at any time. It's even worse than before.
>landscape was different brainlet.
LMAO this is your excuse? He's the same person with the same policies.

>>60849694
>Harper wasn't perfect but the economy was booming under him, housing was cheap etc. Canada was the least affected by the financial crisis.

I literally am a Harper fan, I use him as an example of good governance because he was very close to Keynes.

He literally endorsed Keynesianism as his model of governance.

>>60849707
>ou literally just admitted the liberal party of the 90s policies(which you are against and I support) b

You are against the Liberals.... I'm the one for the Liberals.

You're for Trump which is literally just endless money printing and deficits.

>>60849712
>Keynes himself literally said the entire point was to run surpluses during boom times to repay the debt.
I know.
No keynesian, even classical keynesian has ever done this.
If the economy magically boomed(it won't). Carney wouldn't cut spending.
>Proof?
He admitted it in his diary.
https://skeptics.stackexchange.com/questions/2802/was-john-maynard-keynes-a-child-molester

>>60849372 (OP)
>Why the Fuck are you not Investing in Canada?
I hate libtards, indians, and the french.

>>60849741
>The amount of state built houses were tiny compared to the private ones. It wasn't even necessary.
It was 1/3 of the houses

>This has failed every time it was tried.
It succeeded 100% of the time

>Why not unleash the private sector which is the most efficient in building housing and builds far more housing?
Because Canadians didn't vote for Pierre, they voted for Carney and thus chose his solution.

>He's lowering interest rates. This obviously includes mortgages. This is my point exactly.
Carney has no influence over interest rates, that's the bank of Canada.

>It absolutely is. If your so called "experts" who got fancy degrees are repeatedly wrong then what use is the degree? It's toilet paper.
Not if it gets you high paying jobs at Goldman Sachs and JPM. I'd rather be wrong but become an investment banker at JPM than be "right" about some random prediction but not even get an interview.

>You can't say carney is smart because he has a degree. Some people have PHds in woman's studies lol
You can't say Krugman is dumb because he made a wrong prediction. Newton was wrong on a lot of shit too like Alchemy.

>Again, paying down the debt is good. I support that. But why do we even HAVE to burden the economy with taxation to pay down the debt in the first place? It's because of this endless borrowing and spending which you openly support.
You're the one who support that, you like Trump who's running the biggest defiicit in history. It's me who supports the Liberals who you admitted in the 90s, CUT SPENDING.

How dumb are you?

>>60849744
>I literally am a Harper fan, I use him as an example of good governance because he was very close to Keynes.
He was opposite to Keynes.
He supported free market policies, he cut spending etc.
>He literally endorsed Keynesianism as his model of governance.
Proof?
>>60849748
>You are against the Liberals.... I'm the one for the Liberals.
I'm dumbfounded. Is your reading comprehension skills this fucking bad?
The liberals of the 90s and the liberals of today have almost opposite policies in many respects.

>You're for Trump
Trump is essentially a neo-keynesian. I'm obviously not for trump.

>just endless money printing and deficits.
Which is what you literally support. It's what trudeau and carney did for the past 10 years.
Are you blind?

>>60849777
>He supported free market policies, he cut spending etc.
So... exactly like a Keynesian... he ran deficits in 2008 until the economy recovered and then focused on balancing the budget.

>The liberals of the 90s and the liberals of today have almost opposite policies in many respects.
It's almost like we're in a totally different situation.

>Which is what you literally support. It's what trudeau and carney did for the past 10 years.

You support that. I'm for only spending on INVESTMENT PURPOSES that pay themselves back... I'm for getting us out of this crisis so we can balance the books and get our debt under control. Spending on investments that lower debt/GDP is very different from random spending.

>>60849771
>It was 1/3 of the houses
How do you know more private houses wouldn't have been built at that time if the state wasn't doing this? The private sector is more efficient in building housing.
>It succeeded 100% of the time
Tell that to the ussr and other socialist countries.
again, The private sector is more efficient in building housing.
>Because Canadians didn't vote for Pierre
Because they're fucking retarded and fell for Trump's psyop.
>they voted for Carney and thus chose his solution.
People vote for their demise all of the time.
>Carney has no influence over interest rates
HAHA You can't be this naive.
>le central bank is le independent
lol lmao even
>Not if it gets you high paying jobs
Irrelevant to the argument completely.
>You can't say Krugman is dumb because he made a wrong prediction.
Before 2008, he literally called for greenspan to create a housing bubble to replace the dotcom bubble. He's literally retarded and constantly gets BTFO on twitter.
Are you actually defending krugman? The guy that calls for endless printing and spending?
Why do you want the people to suffer the effects of inflation?
>you like Trump who's running the biggest defiicit in history.
Again, I hate trump for that VERY REASON.
>It's me who supports the Liberals who you admitted in the 90s, CUT SPENDING.
The parties have completely changed ideology since then.
I would have supported the liberals in the 1900s too.

>>60849801
>How do you know more private houses wouldn't have been built at that time if the state wasn't doing this? The private sector is more efficient in building housing.
Because as Reagan said, if you want more of something, subsidize it, if you want less of something, tax it. There's no economic universe in which the government directly building and subsidizing housing would result in less houses built than the equilibrium in an untouched market.

>The private sector is more efficient in building housing.
Tell that to the Boomers who benefitted from cheap housing, tell that to the Scandinavians who still practice this and it works at keeping wages high relative to rent prices.

>Because they're fucking retarded and fell for Trump's psyop.
Ok but that's how the system works. I voted for PPC (since i don't live in a swing riding) but i traded my vote for someone in a swing riding who voted Conservative. I told my family to vote CPC but guess what, shit doesn't always work out.

>Irrelevant to the argument completely.
Krugman and Keynes being wrong on a prediction is completely irrelevant. Newton was wrong on a lot of shit too like Alchemy.

>Before 2008, he literally called for greenspan to create a housing bubble to replace the dotcom bubble.
He'll earn more money in a year than you will likely earn in your life. He's 10x smarter than you. He could be a professor at any Ivy League School within weeks if he wanted.

>Are you actually defending krugman? The guy that calls for endless printing and spending?
That's not at all what he calls for.

>The parties have completely changed ideology since then.
True, my favourite Prime Minister is Brian Mulrooney because he did his best to cut taxes, cut spending, deregulate, and pursue a monetary policy of low inflation, also free trade.

>>60849791
>So... exactly like a Keynesian
I've never seen a keynesian cut spending. It literally never happen.
In fact after WW2 all of the keynesians were warning the US government to keep spending. The US radically cut spending instead which lead to the post war boom.
>he ran deficits in 2008
His deficits were incredibly tiny compared to everywhere else on earth.
He was just copying what every other western nation was doing at the time.
>It's almost like we're in a totally different situation.
They weren't. They were simply ideologically different. Face the facts.
Why would their policies not work today?
Why have the policies you support(endless spending and debt) not worked?
How can you see the policies you support fail spectacularly over the past 10 years and think there's no problem with them?
Am I talking to a bot?
>I'm for only spending on INVESTMENT PURPOSES that pay themselves back...
That's largely what trudeau did.
Also you quite obviously support the social/consumption spending as well, seeing how carney isn't cutting that at all and is expanding things like dental care and daycare.

>I'm for getting us out of this crisis
The only way to do that is the milei method. Radically cut spending and taxes and return capital to the private sector so businesses can save and lend.
Carney is not doing this.
>so we can balance the books
Again, why is the debt so high to begin with?
>Spending on investments that lower debt/GDP is very different from random spending.
I agree it's better than just spending it on consumption. But it's still much worse than just letting the market decide where the funds go.
Central planning doesn't work. Most government projects fail spectacularly. Many of trudeau's green investments have turned to shit with billions of dollars wasted.

>>60849830
>In fact after WW2 all of the keynesians were warning the US government to keep spending. The US radically cut spending instead which lead to the post war boom.
Keynes himself said "I was the only non-Keynesian there" sarcastically when he was with the Labour politicians who wanted to keep spending going after the war.

>His deficits were incredibly tiny compared to everywhere else on earth.
He said "The way i understand economics is you run deficits in times of recession, but when the economy is stable you focus on balancing the budget". That's Keynes 101.

>How can you see the policies you support fail spectacularly over the past 10 years and think there's no problem with them?
Your Trump policies of combining endless spending with endless tax cuts is what explodes the debt. Your policies have failed. If you spend, it has to be controlled and on investments.

>That's largely what trudeau did.
No, he spent on welfare programs, foreign aid, and a bunch of LGBTQ+ shit and paying the wages of immigrants.

>The only way to do that is the milei method. Radically cut spending and taxes and return capital to the private sector so businesses can save and lend.
Meanwhile all you believe in is massive spending and tax cuts and exploding the debt.

>Again, why is the debt so high to begin with?
Trudeau doing exactly what you want him to do.

>>60849372 (OP)
Build new houses for an international market of rich Chinese and jeets. Not for sale for average white Canadians

>>60849855
>Your Trump policies of combining endless spending with endless tax cuts is what explodes the debt. Your policies have failed. If you spend, it has to be controlled and on investments.
I didn't read the rest of your garbage but I almost told you I hate trump for that exact reason.
You dishonest fuck.

>>60849420
>Carney is going to turn Canada into the new Singapore.
Bro, we can't even lock up immigrant criminals because judges reduce their sentence to less than 6 months so they won't get deported. Economic prosperity is impossible when fundamentals are completely broken.
We have a two-tiered justice system where immigrants and aboriginals get special treatment and reduced sentencing. Where a violent criminal is put above property rights. Where if you use a weapon in self-defense you'll get a longer sentence than the person that attacked you.
Where people are free to get use fraud and criminal funds to get mortgages and nobody enforces it because the government insures it for the bank.
Where it's common for cars to be stolen and shipped overseas and cops won't even help you get it back even if you track it down before it's left the country.
There's so many systemic problems with deep roots rotting throughout academia and media that allowed this joke of a justice system in the first place. And it extends even beyond justice, it's across all industry, there's a line set by big industry players and academia forces their staff to toe it. Things will never improve with this system of control.
That's not even getting into the problems that we could solve easily, things like where we don't have an equivalent of an LLC, it's either full big boy corporation (lots of overhead and bureaucratic nonsense) or sole proprietorship (no liability protection, no tax advantages). Where immigrants and refugees get more help starting a business than canadians.
This place will never be a leader in economic strength or mobility, it will just become more bureaucratic and more authoritarian in the worst ways possible, shunning new entrepreneurs and rewarding the biggest oligopolies. The best we can hope for is to siphon off America to get a semblance of growth for some decades, maybe a century if we're lucky, before we inevitably collapse from rot and countless moral hazards.

>>60849586
>I'm still a Canadian Nationalist
>I want infinity immigrants
Pick one

>why are you not investing in india 2.0
Id rather invest in literal feces

>>60851460
I didn't read your garbage but i told you I am against spending and deficits on non-investment items dishonest fuck. I hated Trudeau and campaigned for Conservatives for that reason.

>>60849405
>>60849398
man youre both gay af

>>60849372 (OP)
He will not betray the WEF directive to keep shoveling jeets into Canada. They want Canada to reach 300M people by the end of the century, and pic related for the US.

>>60852571
So then stocks will boom

>>60852522
They're canadian

>>60849372 (OP)
the country is run by an ex central banker who lied to get into harvard and has been wrong at every opportunity and has relied on Harper for economic advice lmao

poilievre is smarter than carney

was this thread made by a CSIS agent or sm shit

>>60849398
you sound like a retard lololol

>>60849372 (OP)
>Why the Fuck are you not Investing in Canada?
Canada elected a literal central banker who is going to bend what's left of their country over and shoot ropes and ropes of his poisoned cum directly into each and every one of their arseholes.

>>60849609
It allows a foreign government to fuck your currency up instead.